---
tags: Collateral Call
---

# Collateral Call Summary - Episode #21
December 17th, 2020

## Agenda

- [00:00](https://www.youtube.com/watch?v=6R3Px59h2z4?t=0): Intro with Juan Guillén
- [00:56](https://youtu.be/6R3Px59h2z4?t=56): RWA status update with Sébastien Derivaux
- [03:54](https://youtu.be/6R3Px59h2z4?t=234): Centrifuge update with Lea Schmitt
- [09:40](https://youtu.be/6R3Px59h2z4?t=580): Harbor Trade Credit with Blake Coler-Dark, Rana S. Mookherjee, Bryan Maloney and Martin
- [20:54](https://youtu.be/6R3Px59h2z4?t=1254): Q&A and Discussion about Harbor Trade Credit
- [32:57](https://www.youtube.com/watch?v=6R3Px59h2z4&t=1977s): Peoples Company with Mark Moore and Bruce Sherrick
- [50:04](https://www.youtube.com/watch?v=6R3Px59h2z4&t=3004s): Fortunafi with Nick Garcia

## Video

<https://www.youtube.com/watch?v=6R3Px59h2z4>

## Introduction

### Juan Guillén

#### Agenda and Preamble
[00:00](https://www.youtube.com/watch?v=6R3Px59h2z4?t=0)

- Welcome to the last Collateral Onboarding Call of 2020, in this case RWA. We are very excited about everything that happened in this last couple of months.
- @sebventures is going to be speaking about that.
- After that we're going to have an introduction by @LS_ from Centrifuge
- Then we're going to have three assets originators talking about the product: Harbor Trade Credit, Peoples Company and Fortunafi.
- Discussions about collateral happen in the [Forum.](https://forum.makerdao.com/c/risk/collateral-meetings/23)

## RWA status

- [Posts tagged `real-world-assets`](https://forum.makerdao.com/tag/real-world-assets/)

### Sébastien Derivaux

#### Presentation
[00:56](https://youtu.be/6R3Px59h2z4?t=56)


## Centrifuge update

- [Centrifuge: Onboarding RWA Backed Collateral to MCD](https://forum.makerdao.com/t/centrifuge-onboarding-rwa-backed-collateral-to-mcd/2721)

### Lea Schmitt

#### Presentation
[03:54](https://youtu.be/6R3Px59h2z4?t=234)


## Harbor Trade Credit

- [[HTC-DROP] MIP6 Application: Harbor Trade Credit DROP: Short Term Trade Receivables](https://forum.makerdao.com/t/htc-drop-mip6-application-harbor-trade-credit-drop-short-term-trade-receivables/3502/4)

### Blake Coler-Dark, Rana S. Mookherjee, Bryan Maloney and Martin

#### Presentation
[09:40](https://youtu.be/6R3Px59h2z4?t=580)









#### Discussion

- [20:54 - Lea: Can you share a little bit on what pool size you're working on and what you intend to originate in the next six to twelve months? What are your plans to grow it?](https://youtu.be/6R3Px59h2z4?t=1254)
- [23:38 - Lea (_reading from chat_): Can you introduce where they fit and how they intereact with the actors of the value chain, freight carriers, customs, et cetera?](https://youtu.be/6R3Px59h2z4?t=1418)
- [25:33 - Gregory Di Prisco: Where do you demonstrate your underwriting standards and how can the Maker holders keep track of that?](https://youtu.be/6R3Px59h2z4?t=1533)
- [27:55 - Gregory Di Prisco: What level of visibility would the Maker holders have into that through a Tinlake? Can we click on an individual loan and see all the details that you just described to me?](https://youtu.be/6R3Px59h2z4?t=1675)
- [29:28 - Gregory Di Prisco: Do we have an approval mechanism for new loans entering the pool? How do we know that a horribly rated company is not going to be pushed into the pool? What's the blocker mechanism there?](https://youtu.be/6R3Px59h2z4?t=1768)
- [32:24 - Juan Guillén: How often are the prices updated?](https://youtu.be/6R3Px59h2z4?t=1944)

## Peoples Company

- [[P1-DROP] MIP6 Application: Peoples Company DROP: US Agricultural Real Estate](https://forum.makerdao.com/t/p1-drop-mip6-application-peoples-company-drop-us-agricultural-real-estate/5518)

### Mark Moore and Bruce Sherrick

#### Presentation

[32:57](https://www.youtube.com/watch?v=6R3Px59h2z4&t=1977s)










## Fortunafi

### Nick Garcia

#### Presentation










#### Discussion
[59:30 - Jason Jones: Is the profile of the companies that you try to fund mostly high-recurring revenue-type companies?](https://youtu.be/6R3Px59h2z4?t=3569)
[01:00:14 - Phil: How do you define the sell-off price, the 1x-3x?](https://youtu.be/6R3Px59h2z4?t=3614)

## Closing Comment

### Juan Guillén

#### Outro
[01:01:47](https://youtu.be/6R3Px59h2z4?t=3706)

- I want to be mindful of people's times. Let's keep the conversation going in the forum. I think all your names are there. [I don't know, Seb, if you want to mention something before closing (01:02:08)](https://youtu.be/6R3Px59h2z4?t=3728). Thanks again to Harbor Trade, Fortunafi and Peoples Company. It was great having you guys. See you next year and have a great holiday.

## Credits

- @blimpa produced this summary.
- Everyone who spoke and presented on the call, listed in the headers.